Townsquare Media (TSQ) Earning Somewhat Critical News Coverage, Accern Reports

Media coverage about Townsquare Media (NYSE:TSQ) has been trending somewhat negative on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Townsquare Media earned a media sentiment score of -0.06 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.2502817059131 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

TSQ has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Wednesday, July 19th. Royal Bank Of Canada set a $13.00 target price on shares of Townsquare Media and gave the company a “buy” rating in a research note on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and set a $13.00 target price on shares of Townsquare Media in a research note on Tuesday, September 12th. Noble Financial reiterated a “buy” rating on shares of Townsquare Media in a research note on Friday, August 11th. Finally, Bank of America Corporation lowered shares of Townsquare Media from a “buy” rating to an “underperform” rating in a research note on Friday, September 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $12.67.

Shares of Townsquare Media (TSQ) traded up 1.29% during midday trading on Friday, hitting $10.20. 9,208 shares of the stock were exchanged. Townsquare Media has a 12 month low of $8.12 and a 12 month high of $13.01. The firm’s 50-day moving average is $10.05 and its 200-day moving average is $10.58. The stock has a market cap of $188.48 million, a price-to-earnings ratio of 13.51 and a beta of 1.74.

Townsquare Media (NYSE:TSQ) last issued its earnings results on Wednesday, August 9th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). Townsquare Media had a return on equity of 6.85% and a net margin of 4.11%. The business had revenue of $140.66 million for the quarter, compared to analysts’ expectations of $141.49 million. Equities research analysts predict that Townsquare Media will post $0.95 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at

Townsquare Media Company Profile

Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.

Insider Buying and Selling by Quarter for Townsquare Media (NYSE:TSQ)

Receive News & Ratings for Townsquare Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Townsquare Media Inc. and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply